26 October 2009

Useless healthcare

The US healthcare system loses up to $200 billion annually due to fraud. per year
k2kapitalThe American healthcare system spends money so profligately that its reform can be carried out largely by correcting existing shortcomings.

Due to fraud alone, it loses up to $200 billion. per year: we are talking about false claims to the healthcare system, bribes for receiving referrals for the provision of unnecessary services and other types of scams. Robert Kelley, an analyst at Thomson Reuters, writes about this.

The analyst draws attention to the fact that $505 billion is spent uselessly in the country every year. up to $850 billion – about a third of the medical budget. However, not everything is so bad, because "by reducing useless spending, you can also reduce health care costs without compromising the quality of service and access to medical care," he believes.

One example is paper documents that prevent the exchange of data on medical bills, which, in turn, leads to an annual overspending of 6% of funds. Excessive use of antibiotics or laboratory tests accounts for up to 37% of unnecessary spending or from $200 billion. up to $300 billion. per year. Administrative inefficiency and a huge number of documents increases the cost of medical care by 18% per year. As for medical errors, from $50 billion is spent annually due to their fault. up to $100 billion. or 11% of the total amount.

"On average, every hospital in the United States spends a quarter of its budget on account management and administration, which is almost 2 times higher than the average in Canada. American doctors spend almost 8 hours a week on documents, much more than in Canada," writes Kelly.

All this largely explains why Americans spend more money per capita on healthcare than in any other OECD country, but their population cannot be called healthy. First of all, because of the large number of people suffering from diabetes, obesity and cardiovascular diseases.

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26.10.2009

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